Cryptocurrency exchange Coinbase has added two new digital assets, Aerodrome Finance (AERO) and Velodrome Finance (VELO), to its coin listing roadmap. This move signals the exchange’s commitment to diversifying its offerings and catering to emerging trends within the decentralized finance (DeFi) space.
Aerodrome Finance (AERO) was built on the Base blockchain. AERO powers a decentralized exchange focusing on stablecoin swaps and liquidity provision. Its inclusion on Coinbase could provide wider access to Base chain assets and DeFi functionalities.
Velodrome Finance (VELO) Operates on the Optimism blockchain, VELO is the native token of a decentralized exchange offering optimized swap fees and yield generation opportunities. Its addition to Coinbase potentially opens up the Optimism ecosystem to a broader user base.
Speed and Fees
Coinbase’s decision to list AERO and VELO reflects the growing traction of DeFi protocols built on Layer 2 solutions like Base and Optimism. These blockchains offer faster transaction speeds and lower fees compared to the Ethereum mainnet, potentially attracting new users to DeFi. The listing could also boost liquidity and trading volume for both AERO and VELO, benefiting their respective ecosystems.
However, new listings do not guarantee immediate availability for trading. Coinbase typically follows a multi-step process before enabling full functionality. It is also imprtant that users should conduct thorough research on AERO and VELO before making any investment decisions, understanding the associated risks and potential benefits.